Plug Power

At Plug, we're a passionate about shaping the future of manufacturing. Our relentless commitment to innovation not only drives progress but also creates vital opportunities in manufacturing jobs, empowering communities and strengthening economies. If you’re seeking an environment where you can thrive and make an impact, look into our open positions and consider joining our transformative journey.

Plug has introduced the first-ever spot pricing program for liquid green hydrogen, marking a major step forward for the industry. This groundbreaking initiative provides unprecedented flexibility, allowing buyers to procure hydrogen on-demand without the constraints of long-term contracts, facilitating quick adjustments to fluctuating energy demands. With key industry players already on board, this program showcases potential to reshape supply dynamics and improve cost efficiencies across the hydrogen value chain. Plug's commitment to enhancing the accessibility and adoption of green hydrogen positions us as a leader in sustainable energy solutions, ready to meet the evolving needs of diverse sectors. Read the full story here: https://lnkd.in/gvhvacxc

Plug CEO Andy Marsh shares his insights about the future of the green hydrogen industry and the impact of potential policy changes on Plug's recent $1.66 billion Department of Energy loan guarantee on the Energy Evolution podcast. Tune in to learn about the resilience and opportunities within the renewable energy sector amid shifting U.S. energy policies: https://lnkd.in/gwwZNMXc

Plug has boosted its liquidity by approximately $30 million through the transfer of the Federal Investment Tax Credit (ITC) to a major investor. This represents our first use of the transferability rules under the Inflation Reduction Act (IRA) of 2022. We're leveraging these new rules to offset our investment in our hydrogen plants, which will provide liquidity and reduce future fuel costs. This key non-dilutive balance sheet leverage opportunity sets the stage for future ITC monetization as we continue to build out our green hydrogen ecosystem. This transaction underscores our strategic use of the new tax credit transferability provisions under the IRA and highlights the IRA’s role in fostering clean energy investments. We're committed to the green hydrogen expansion, energy independence, and job growth. Learn more: https://bit.ly/3PTxdN8 #PlugPower #GreenHydrogen #CleanEnergy

Plug is spearheading the hydrogen revolution, transforming how we think about and utilize clean energy. Discover the workings of Plug's pioneering green hydrogen production plant in Camden County, Georgia. From groundbreaking water treatment techniques to advanced electrolysis and liquefaction processes, learn more about the innovative steps we're taking to scale up hydrogen production responsibly. Read the full blog here: https://lnkd.in/g3KcBz8E 

Plug CEO Andy Marsh joins The Hydrogen Podcast host Paul Rodden to explore the promising future of green hydrogen. They'll discuss the innovations and strategies driving the renewable energy sector forward. Watch the full episode here: https://lnkd.in/g2-_bHGQ 

In case you missed it: Plug has successfully secured a $1.66 billion loan guarantee from the U.S. Department of Energy. This significant financial backing will aid in developing up to six new hydrogen production facilities across the country. The initiative, kicking off in Graham, Texas, is set to not only create hundreds of quality jobs but also enhance the nation's energy independence and position the U.S. as a leader in advanced energy innovation. Dive deeper into how this supports our national security and contributes to a resilient energy grid by reading the full release here: https://lnkd.in/gkdYG4Tu

Plug closed a $1.66 billion loan guarantee from the U.S. Department of Energy's Loan Programs Office, which will support the construction of up to six hydrogen production facilities across the U.S. Plug’s new plant in Graham, Texas, the first to benefit from this financing, will create hundreds of high-quality jobs, strengthen America’s energy independence, and secure U.S. leadership in advanced energy innovation. The hydrogen economy is a vital step toward bolstering the resilience of our energy grid and reducing reliance on foreign energy sources. By aligning with national security priorities, this initiative ensures the U.S. remains a global leader in cutting-edge energy technology and economic growth.
Read more: https://lnkd.in/gkdYG4Tu

We're thrilled to announce a monumental deal with Allied Green Ammonia! Plug will supply an impressive 3 GW of electrolyzer capacity to AGA's state-of-the-art green hydrogen-to-ammonia plant in Australia. This landmark agreement aligns with our commitment to advancing the green hydrogen economy and supporting the global transition to a net-zero emissions future. We're proud to partner with AGA, a leader in global green ammonia production. Learn more: https://bit.ly/3PCsG1l #PlugPower #GreenHydrogen #Sustainability

Join Plug at the UBS Global Energy & Utilities Conference in Park City, Utah. This conference brings together leading executives from the energy sector to discuss evolving industry trends and strategic partnerships. Representing Plug at the conference will be President Sanjay Shrestha, and his focus will be on advancing Plug’s position in the hydrogen economy and exploring opportunities within the dynamic energy landscape. Learn more: https://lnkd.in/g8vT93vm